Article: Statement by the G-11 Executive Directors of the IMF on the selection procedures for appointing the IMF Managing Director.

M2 PRESSWIRE-31 March 2004-IMF: Statement by the G-11 Executive Directors of the IMF on the selection procedures for appointing the IMF Managing Director(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:03302004

The G-11 Executive Directors of the International Monetary Fund (IMF) made the following statement today on the selection process for a new Managing Director:

"In our statement on March 19, 2004, we outlined some key principles that should be observed in the selection of the Managing Director. These included:

* an open and transparent process in which all members of the Executive Board are consulted; and

* a plurality of ...

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